Autoblog and Yahoo may earn commission from links in this article.The Porsche 911 has always been an anomaly when it comes to depreciation. While most cars begin losing value as soon as they leave the dealership, Porsche's iconic sports car has built a reputation for holding onto its value remarkably well.New data from iSeeCars shows just how dramatically 911 values have changed since 2019. The average three-year-old example now costs almost $100,000 more than it did before COVID. Yet there is an intriguing twist: while 911 values have soared compared with the pre-pandemic market, the latest 992 generation is finally showing signs of depreciating more like a normal car.A Used 911 Now Costs Nearly $100,000 MorePorscheiSeeCars analyzed more than 11.4 million used vehicles sold in 2019 and 2026, finding that the average three-year-old Porsche 911 increased in value by 74% over that period. Its average transaction price rose from $132,369 to $230,273, a staggering $97,904 increase.AdvertisementAdvertisementThat is remarkable for any used vehicle, especially one that's already three years old and would traditionally have absorbed a significant portion of its depreciation. In other words, the average three-year-old 911 now costs substantially more than a brand-new base model Carrera, which has a starting MSRP of $135,500.Porsche Keeps Pushing Prices HigherPorschePart of the increase comes from the cars themselves. While the starting price of the 911 has crept up over the years, Porsche has continued adding increasingly desirable performance and limited-production variants, creating plenty of opportunities for buyers to spend more.The 911 Carrera T Club Coupe is a perfect example. Only 70 were built, with each featuring Sholar Blue paint and a six-speed manual transmission. While a standard Carrera T starts at $148,000, and the optionless Club Coupe starts at $185,000, some examples carried a sticker price north of $205,000 thanks to some optional extras.GT3s, Turbos, special editions like the Dakar, and Sonderwunsch creations can command even more, and their presence in the used market can push average transaction prices higher.The 992 Is Finally Starting To DepreciatePorscheThis is where the story gets interesting. Despite the enormous increase in three-year-old 911 values since 2019, the latest 992 generation appears to be moving onto a more conventional depreciation curve.AdvertisementAdvertisementThat does not suddenly make the 911 a poor buy. It remains one of the strongest-value sports cars around, and older generations, like the 996-generation, remain a sound investment. But after years of extraordinary demand and unusually high used-car prices, newer examples are finally beginning to lose value in a way that looks much more familiar.Barely used 911s may be nearly $100,000 more expensive than they were before COVID, but the era of newer examples seemingly refusing to depreciate could finally be coming to an end.This story was originally published by Autoblog on Aug 13, 2026, where it first appeared in the News section. Add Autoblog as a Preferred Source by clicking here.